Divgi Torqtransfer Systems Limited is one of the leading players supplying transfer case systems to automatic OEMs (Original Equipment Manufacturers) in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India. The company is also the only player manufacturing and exporting transport cases to global OEMs in India.
It manufactures and supplies a variety of products under broad categories such as 1) torque transfer systems 2) synchronizer systems for manual transmissions and DCT and 3) components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs.
Divgi Torqtransfer System services customers across segments in the automotive industry, including passenger, utility, and commercial vehicles with a client base across global OEMs and global transmission systems suppliers.
The top five customers of the company accounted for around 92.6% of revenue in the six months ended September 2022.
| Six months ended September 30, 2022 | Fiscal 2022 | Fiscal 2021 | Fiscal 2020 | ||||
|---|---|---|---|---|---|---|---|
| Contribution from top five customers (Rs. crores) | As a percentage of revenue from operations | Contribution from top five customers (Rs. crores) | As a percentage of revenue from operations | Contribution from top five customers (Rs. crores) | As a percentage of revenue from operations | Contribution from top five customers (Rs. crores) | As a percentage of revenue from operations |
| 123.91 | 92.66% | 213.39 | 91.28% | 173.26 | 92.86% | 138.29 | 86.94% |
Financial Snapshot
| Financial Year | ROE | Adjusted ROCE | Total Revenue (₹ crores) | Profit After Tax (₹ crores) | EBITDA (₹ crores) |
|---|---|---|---|---|---|
| March 2020 | 16.20% | 24.35% | 170.74 | 28.04 | 36.94 |
| March 2021 | 15.05% | 27.41% | 195.03 | 38.044 | 51.90 |
| March 2022 | 14.52% | 29.47% | 241.87 | 46.151 | 65.61 |
| As of September 2022 | 7.37% | 14.96% | 137.55 | 25.66 | 37.09 |
For more information, you can check the IPO Prospectus filed by the company 
Important information regarding the IPO
| Issue Period | 1st March 2023 - 3rd March 2023 |
|---|---|
| Price Band | ₹ 560 - 590 |
| Minimum Bid Quantity | 25 and multiples thereof |
| Face Value | ₹ 5 |
| Number of Shares | 7,148,528 – 6,985,090 shares |
| Issue size | ₹ 412 crores |
| Date of Allotment | 9th March 2023 |
| Initiation of Refund | 10th March 2023 |
| Credit of shares | 13th March 2023 |
| Date of Listing | 14th March 2023 |
| Mandate end date | 18th March 2023 |
| Anchor Investors Lock-in End Date | To Be Confirmed |
How do I apply for Divgi Torqtransfer Systems Limited IPO?
You can apply for it using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Divgi Torqtransfer Systems Limited IPO?
You can check the allotment status on the website of the Registrar and Transfer agent .
Alternatively, you can also check the allotment status on the NSE website.